Grocery-to-retail conglomerate Associated British Foods delivered investors a double helping of good news with consensus-beating first-half results and a 46% increase in the interim dividend. In response the shares jumped 9% to £27.50, topping the FTSE 100 leader board and returning to their pre-pandemic peak. BETTER ACROSS THE BOARD The group posted a 5% increase in revenue to £9.73 billio...

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Investors in London continued to show confidence, as stocks at the open on Tuesday added to Monday's gains, boosted by the prospect of interest rate cuts. The FTSE 100 index opened up 33.06 points, 0.4%, at 8,056.93. The FTSE 250 was up 54.48 points, 0.3%, at 19,653.87, and the AIM All-Share was up 2.14 points, 0.3%, at 751.32. The Cboe UK 100 was up 0.3% at 804.24, the Cboe UK 250 was up 0.2%...

London's FTSE 100 achieved a record close on Monday, as sabre-rattling in the Middle East began to die down, while the pound struggled on renewed hope that the Bank of England is taming UK inflation. Among individual shares, there was some M&A impetus for Tyman and Hipgnosis Songs Fund. A bullish broker note lifted some UK high street and grocer stalwarts, though model train maker Hornby went...

Shares in Mobico were down over 8% to 54p in morning trading despite the bus and rail business reporting a 12.2% rise in group full year revenue to £3.15 billion, driven by improved passenger volumes, route recovery and pricing. The transport group however made a group pre-tax loss of £98.3 million and a group operating loss of £21.4 million for the year ending 31 December 2023, impacted b...

Those looking for evidence wealthy US Americans are still spending freely need look no further than American Express after the credit card giant topped first-quarter earnings expectations on Friday (19 April). The shares leapt 6% to a new all time high of $231 taking year-to-date gains to 23% compared with a 5% gain for the S&P 500 index. The New York-based company delivered a 39% increase in...

Investors in London showed confidence on Monday, as Ocado boosted the FTSE 100 despite shareholder pressure to move its listing to the US, while takeover talks drove Hipgnosis Songs Fund and Tyman in the FTSE 250. Amongst individual stocks, Ocado boosted the FTSE 100 on pressure to move to the US. The FTSE 250 got a boost from takeover talks for both Hipgnosis Songs Fund and Tyman. The FTSE 10...

Building products group Tyman is the latest UK mid-cap to attract a trade buyer with US firm Quanex (NX:NYSE) offering 400p per share for the business in a mix of cash and stock. Tyman shares jumped 29% to 381p although volumes were fairly light compared with previous days. SUBSTANTIAL SHARE-BASED ELEMENT Texas-based Quanex makes window and door screens, glass spacers and kitchen and bathroom...

Stock prices in London improved at the open on Monday, with FTSE 250 stocks Hipgnosis and Tyman rising on news of prospective takeovers for both firms, while investors more widely shook off nerves ahead of a key US inflation reading later this week. The FTSE 100 index opened up 96.75 points, 1.2%, at 7,992.60. The FTSE 250 was up 152.32 points, 0.8%, at 19,543.62, and the AIM All-Share was up...

Stock prices in London closed up on Friday, but investors remained tentative as Israel carried out retaliatory strikes on Iran. The FTSE 100 index closed up 18.80 points, or 0.2%, at 7,895.85. The FTSE 250 ended down 59.37 points, 0.3%, at 19,391.30, and the AIM All-Share closed up 0.38 of a point, 0.1%, at 745.67. Across the week, they were down 1.3%, 1.7% and 1.4% respectively. The Cboe UK 1...

Online gambling firm 888 Holdings said first quarter revenue came in higher than its guided range and it expects to return to year-on-year growth from the second quarter onwards. The slightly higher revenue outcome and positive outlook was enough to send the shares up 3.4% to 82.5p, although they remain around a tenth below where they started the year. CEO Per Widerstrom commented: 'I am plea...

Alexander 'Solly' Solomou, chief executive of youth publisher LBG Media (LBG: AIM) bought 341,929 shares at an average of 73p for a total value of £248,753 on 18 April. Earlier in the week, the LADbible owner reported solid full-year results with group revenue rising 7.5% to £67.5 million. The company said adjusted EBITDA (earnings before interest taxation depreciation and amortisation) was...